Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Ratings
Based on recent surveys and polls, locals gave high marks in the walkability to local amenities, safety, public transit, friendliness of neighbors and overall sense of community in the area.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Crime
This area reports elevated crime rates per 100,000 individuals, potentially pointing some areas being unsafe for its residents. Stats are based on both property and violent crimes.
Health & Safety
The low score in this category could be due to challenges related to air quality and the limited accessibility of health-related facilities like hospitals, nursing homes, doctors and pharmacies.
North Valley is a mid-sized city located in the state of New Mexico. The city has a population of 13,331 inhabitants. At 73%, the majority of the North Valley population is White; this is followed by 3% American Indian and Alaskan and 2% Black. Additionally, more than a quarter of the population of North Valley are of Hispanic or Latino origin, and 33% of the population also speak Spanish. Long travel times to work can be one of the most frustrating things in the world - right behind housework! If you decide that living in North Valley is the right fit for you, your one way commute time will average 23 minutes, which is about average when compared to the national commute time of 26 minutes.
Without the right tools, relocating to any new city can be very stressful and challenging. Living in North Valley, New Mexico could be a fulfilling experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Using the livability score which includes data from categories like commute, health & safety, education, you can easily compare the best places to live in North Valley and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare North Valley to New Mexico and the national average.
With a livability score of 65/100, North Valley is ranked #11,389 in the United States and #54 in New Mexico. For each of the livability categories, we can establish that North Valley ranks very well for cost of living (B+) and housing (B-). North Valley does not fare well for the following: amenities (F) and crime (F). It might be a smart idea to take a closer look at each category to find out why.
The North Valley unemployment rate of 1.45% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their North Valley apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.
Assuming that North Valley meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in North Valley. Everything else becomes a lot less important if it turns out that home prices in North Valley are simply unattainable. The median home price for North Valley homes is $213,500, which is 32.1% higher than the New Mexico average. If we take a closer look at the affordability of homes in North Valley, we’ll see that the home price to income ratio is 4.1, which is 17.1% higher than the New Mexico average.
| Statistic | North Valley | New Mexico | National |
| Average one way commute | 23min | 22min | 26min |
| Workers who drive to work | 82.8% | 79.8% | 76.4% |
| Workers who carpool | 7.2% | 10.1% | 9.3% |
| Workers who take public transit | 0.3% | 1.2% | 5.1% |
| Workers who bicycle | 0.0% | 0.7% | 0.6% |
| Workers who walk | 1.9% | 2.2% | 2.8% |
| Working from home | 7.9% | 4.7% | 4.6% |
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